SAC Capital Ups Stake in Crocs, Inc. (CROX)

SAC Capital, managed by Steven Cohen has increased its exposure to Crocs, Inc. (NASDAQ:CROX), according to a filing with the Securities and Exchange Commission. SAC Capital reported ownership of about 4.45 million shares of the company, up from some 1.73 million held at the end of September, as revealed in the fund’s latest 13F. The position amasses 5.0% of the company’s common stock, and is passive by nature.

SAC CAPITAL ADVISORS

Crocs, Inc. (NASDAQ:CROX) designs, manufactures and distributes footwear and accessories for men, women and children. Recently, Crocs announced a financial partnership with Blackstone, which has agreed to purchase $200 million of newly issued series A convertible preferred stock (the “Preferred Stock”). Following the investment Crocs plans to conduct a stock repurchase program and buy back $350 million worth of common stock.

Other hedge funds that are holding the shares of Crocs, Inc. (NASDAQ:CROX) are Royce & Associates managed by Chuck Royce which is owning 7.16 million shares worth $97.46 million Another hedge fund, Daruma Asset Management, led by Mariko Gordon holds 4.15 million shares worth $56.45 million.

SAC Capital Advisors is a diversified hedge fund it uses both fundamental and quantitative analysis based approaches. Earlier the fund increased its exposure to Trulia Inc (NYSE:TRLA) from 66,300 shares held at the end of September to 1.94 million shares. SAC Capital Advisors had also raised its stake in Move Inc. (NASDAQ:MOVE) from 1,939 to 1.98 million shares.

SAC Capital Advisors has been particularly keen on Yahoo! Inc. (NASDAQ:YHOO) and holds 7.58 million shares worth $251.31 million. Another stock in which SAC Capital Advisors has raised its exposure is The Walt Disney Company (NYSE:DIS), in which it currently owns 2.67 million shares, worth $172.21 million, the holding increasing by 133% during the third quarter of last year.

Disclosure: none

Recommended Reading:

Prescott Group Capital Management is Bullish on Comstock Holding Companies Inc (CHCI)

Pennant Capital Management is Bullish on Taylor Morrison Home Corp (TMHC); Increases Holding to 6.4%

Clinton Group Sells Some More ValueVision Media Inc (VVTV) Shares

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!